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Private Bancorp of America (OTCMKTS:PBAM) Issues Quarterly Earnings Results

Private Bancorp of America logo with Finance background

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) issued its quarterly earnings results on Monday. The company reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.14, Zacks reports. The firm had revenue of $29.35 million for the quarter, compared to analyst estimates of $30.30 million. Private Bancorp of America had a net margin of 22.11% and a return on equity of 17.55%.

Private Bancorp of America Price Performance

OTCMKTS:PBAM traded up $0.20 during mid-day trading on Friday, reaching $53.70. The stock had a trading volume of 127 shares, compared to its average volume of 3,580. The stock has a market capitalization of $310.87 million, a P/E ratio of 8.72 and a beta of 0.20. The firm has a 50 day moving average price of $55.04 and a two-hundred day moving average price of $54.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. Private Bancorp of America has a one year low of $33.80 and a one year high of $61.50.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their target price on shares of Private Bancorp of America from $78.00 to $68.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd.

Check Out Our Latest Analysis on PBAM

About Private Bancorp of America

(Get Free Report)

Private Bancorp of America, Inc operates as the bank holding company for CalPrivate Bank that provides banking products and services to individuals and businesses in California. The company offers checking and savings, money market, certificate of deposit, sweep, zero balance, and individual retirement accounts; unsecured lines of credit, personal credit lines, and term loans; additional services, such as direct deposits, online banking, ATM and debit cards, credit cards, savings/line of credit overdraft protection, and safe deposit boxes; and certificate of deposit account registry services.

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Earnings History for Private Bancorp of America (OTCMKTS:PBAM)

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